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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
REAL ESTATE ASSETS (Note 2):    
Land and improvements $ 1,127,100 $ 1,076,172
Buildings and improvements 5,056,050 4,908,797
Undeveloped land and construction in progress 2,146,430 1,432,808
Total real estate assets held for investment 8,329,580 7,417,777
Accumulated depreciation and amortization (1,411,529) (1,264,162)
Total real estate assets held for investment, net 6,918,051 6,153,615
CASH AND CASH EQUIVALENTS 86,517 57,649
RESTRICTED CASH 0 9,149
MARKETABLE SECURITIES (Note 11) 23,353 20,674
CURRENT RECEIVABLES, NET (Note 3) 17,519 16,926
DEFERRED RENT RECEIVABLES, NET (Note 3) 261,003 246,391
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET 183,118 183,728
PREPAID EXPENSES AND OTHER ASSETS, NET (Note 4) 72,675 114,706
TOTAL ASSETS 7,562,236 6,802,838
LIABILITIES:    
Secured debt, net (Notes 5 and 11) 336,866 340,800
Unsecured debt, net (Notes 5 and 11) 2,207,049 2,006,263
Unsecured line of credit (Notes 5, 11 and 17) 330,000 0
Accounts payable, accrued expenses and other liabilities 360,674 249,637
Accrued dividends and distributions (Note 17) 47,411 43,448
Deferred revenue and acquisition-related intangible liabilities, net 149,059 145,890
Rents received in advance and tenant security deposits 56,258 56,484
Total liabilities 3,487,317 2,842,522
COMMITMENTS AND CONTINGENCIES (Note 10)
Stockholders’ Equity (Note 6):    
Common stock, $.01 par value, 150,000,000 shares authorized, 100,746,988 and 98,620,333 shares issued and outstanding, respectively 1,007 986
Additional paid-in capital 3,965,405 3,822,492
Distributions in excess of earnings (161,654) (122,685)
Total stockholders’ equity 3,804,758 3,700,793
Noncontrolling Interests (Notes 1 and 7):    
Common units of the Operating Partnership 76,486 77,948
Noncontrolling interests in consolidated property partnerships 193,675 181,575
Total noncontrolling interests 270,161 259,523
Total equity 4,074,919 3,960,316
TOTAL LIABILITIES AND EQUITY (CAPITAL) $ 7,562,236 $ 6,802,838